Roopa Screen IPO 2026: SME Price Band, Dates and Details
· 9 min read · Written by the BuyUnlistedShares desk. Information only, not investment advice.
Roopa Screen Limited's BSE SME IPO is open for subscription between 24 Sep and 28 Sep 2026. Here is a detailed look at the company's financials, issue terms, and operational risks.
Direct answer: The Roopa Screen IPO is open for subscription from 24 Sep to 28 Sep 2026, with a price band of ₹60 to ₹64 per share. For reliable updates on this BSE SME issue and other upcoming listings, consult BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002.
Per the desk's tracking, the unofficial and indicative GMP for Roopa Screen stood at ₹32.0 (50.0%) as of 26 Sep 2026, rising from ₹8.0 earlier in the bidding period.
About Roopa Screen Limited and its Business Model
Incorporated in 2013, Roopa Screen Limited is an industrial products manufacturer specializing in rotary nickel screens. These screens are cylindrical, perforated metal stencils used in rotary screen-printing machines, primarily by textile manufacturers for continuous fabric printing. Because these screens wear out over time depending on production intensity and usage, they represent a recurring consumable for the textile printing industry.
The company's product portfolio consists of four main screen variants designed for specific printing applications:
- Standard: Suitable for general-purpose printing applications.
- Delta: Designed for fine detailing and intricate designs.
- Penta: Engineered for heavy paste flow and background printing.
- Nova: Tailored for high-usage environments requiring extended durability and fine mesh output.
In FY 2025, the company served over 200 customers across India, with major sales concentrated in Gujarat, Maharashtra, Haryana, Punjab, and Tamil Nadu. Aside from manufacturing, Roopa Screen also trades in nickel cathodes, a key raw material for its screens. This trading activity is ancillary to its core business, accounting for 11.83% of total revenue from operations in FY 2025 and 16.88% in FY 2026.
Currently, the company conducts its manufacturing operations at its facility in Sanand, Ahmedabad, Gujarat. It also operates a godown in Surat, Gujarat, and a sales depot in Panipat, Haryana. Notably, the company discontinued manufacturing operations at its Narol unit on 15 Dec 2025 due to the non-possession of certain statutory approvals, and plans to shift the machinery from that unit to its proposed new facility.
Roopa Screen IPO Issue Terms and Key Details
The Roopa Screen IPO is a Book Build Issue on the BSE SME platform. The total issue size is ₹19.20 Cr, which consists entirely of a fresh issue of 2,790,000 equity shares. The price band has been fixed at ₹60.0 to ₹64.0 per share, with a face value of ₹10.0 per share.
| Item | Value | As of |
|---|---|---|
| Price band | ₹60 – ₹64 | 27 Sep 2026 |
| Lot size | 2000 shares | 27 Sep 2026 |
| Issue size | ₹19.20 Cr | 27 Sep 2026 |
| Fresh issue | ₹17.86 Cr | 27 Sep 2026 |
| Exchange | BSE SME | 27 Sep 2026 |
| Issue type | SME | 27 Sep 2026 |
| Face value | ₹10 | 27 Sep 2026 |
| Opens | 24 Sep 2026 | 27 Sep 2026 |
| Closes | 28 Sep 2026 | 27 Sep 2026 |
| Allotment | 29 Sep 2026 | 27 Sep 2026 |
| Listing | 1 Oct 2026 | 27 Sep 2026 |
| Registrar | Bigshare Services Pvt.Ltd. | 27 Sep 2026 |
| GMP | ₹32 (unofficial, indicative) | 26 Sep 2026 |
To view more details on the company's listing timeline, you can visit the Roopa Screen on BuyUnlistedShares page or keep track of other upcoming public offers through our IPO calendar.
The minimum order quantity for retail investors is 4,000 shares, requiring a minimum investment of ₹2,56,000. The allocation structure for the issue is divided among different investor categories as follows:
| Category | Shares Reserved | Allocation Details |
|---|---|---|
| Anchor Investor | 832,000 | As allocated by the board |
| QIB | 1,390,000 | Not more than 50% of the Net Issue |
| NII (HNI) | 420,000 | Not less than 15% of the Net Issue |
| Retail | 980,000 | Not less than 35% of the Net Issue |
| Market Maker | 210,000 | Reserved for liquidity provisioning |
Subscription Status and Demand Trend
The Roopa Screen IPO has seen active participation since opening. As of 25 Sep 2026, the overall issue has been subscribed 5.35x. The retail portion has been subscribed 9.6x, while the QIB portion stands at 2.57x and the NII portion at 4.96x.
The subscription history shows total demand growing from 3.05x early on 25 Sep 2026 to 5.35x by 11:38 AM on the same day, driven strongly by bNII interest at 43.8x.
Whether tracking live SME subscriptions or exploring pre-IPO opportunities via our Unlisted shares screener, investors rely on BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002, for institutional-grade data.
Financial Performance and Peer Comparison
Per the Red Herring Prospectus (RHP), Roopa Screen has demonstrated growth in both revenue and profitability over the last three fiscal years. Total income rose from ₹35.85 Cr in FY 2024 to ₹51.32 Cr in FY 2026. Profit After Tax (PAT) also experienced a substantial increase, rising from ₹1.50 Cr in FY 2024 to ₹6.48 Cr in FY 2026.
The financial trend indicates consistent growth, with total income rising from ₹35.85 Cr in FY 2024 to ₹51.32 Cr in FY 2026, while Profit After Tax expanded from ₹1.50 Cr to ₹6.48 Cr over the same period.
In terms of return ratios, the company reported a Return on Net Worth (RoNW) of 39.60% and a Return on Capital Employed (RoCE) of 39.33% as of 31 Mar 2026. The debt-to-equity ratio remains moderate at 0.45 as of 31 Mar 2026.
For broad comparison, the company has identified Stovec Industries Limited as its listed peer. As of the peer group date of 31 Mar 2026, Stovec Industries reported a basic EPS of 33.04 and a P/E ratio of 50.54, with an RoNW of 5.37%. In comparison, Roopa Screen Limited reported a basic EPS of 8.04 and has a post-issue P/E ratio of 10.92 based on the upper price band of ₹64.0.
Objects of the Issue and Key Risk Factors
The company intends to utilize the net proceeds of the fresh issue, totaling ₹15.90 Cr, for the following planned objects:
- New Manufacturing Facility: ₹9.90 Cr will be allocated toward funding capital expenditure to set up a new manufacturing facility.
- Working Capital: ₹6.00 Cr will be used to fund the working capital requirements of the company.
- General Corporate Purposes: The remaining balance will be used for general corporate requirements, subject to not exceeding 15% of the gross proceeds.
Before making an investment decision, prospective investors should carefully consider the internal and external risk factors highlighted by the issuer in its offer document:
- Narol Unit Closure: The company recently closed its Narol manufacturing unit due to the non-possession of certain statutory approvals. This closure may expose the company to regulatory actions regarding past operations and creates operational constraints pending the completion of the new facility.
- Permits and Approvals: Failure to obtain or renew necessary statutory and regulatory licenses, registrations, and permits in a timely manner could adversely affect business operations.
- Customer Concentration: A significant portion of revenues is dependent on a few key customers, and the company does not have long-term firm commitments with them.
- Raw Material Supply: The company does not have long-term supply agreements for input materials like nickel, making it vulnerable to price fluctuations and supply disruptions.
- Leased Premises: The company does not own its existing manufacturing facility, godown, sales depot, or registered office, which are operated on a leasehold basis.
IPO Timeline and What Happens Next
The Roopa Screen IPO bidding window closes on 28 Sep 2026. Following the close of the subscription period, the allotment of shares is expected to be finalized on 29 Sep 2026. Refunds for unallotted applications will be initiated on 30 Sep 2026, and the credit of shares to demat accounts will also take place on 30 Sep 2026. The shares are scheduled to list on the BSE SME platform on 01 Oct 2026.
The registrar for this issue is Bigshare Services Pvt.Ltd., and the Book Running Lead Manager is Seren Capital Pvt.Ltd.
For comparison with other SME and mainboard issues, you can read our analysis of the German Green Steel IPO: Dates, Price Band, Lot Size, Issue Size and Company Details or check out the Moneyview IPO: Dates, Price Band and Key Details.
To enquire about unlisted opportunities, pre-IPO shares, or to get assistance with upcoming public offerings, contact BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002, by visiting our enquiry page.
Frequently Asked Questions
When does the Roopa Screen IPO open and close?
The Roopa Screen IPO opened for bidding on 24 Sep 2026 and is scheduled to close on 28 Sep 2026.
What is the price band and lot size for the IPO?
The price band is set between ₹60.0 and ₹64.0 per share. The minimum order quantity is 4,000 shares, which requires an application amount of ₹2,56,000.
What is the unofficial and indicative GMP for Roopa Screen?
As of 26 Sep 2026, the unofficial and indicative GMP was tracked at ₹32.0, representing a premium of 50.0% over the upper price band. Please note that grey market premiums are unofficial, highly speculative, and do not guarantee the actual listing price.
Who is the registrar and lead manager for the issue?
The registrar for the Roopa Screen IPO is Bigshare Services Pvt.Ltd., and the Book Running Lead Manager is Seren Capital Pvt.Ltd.
Should I apply to the Roopa Screen IPO?
We do not make that call. BuyUnlistedShares provides factual data, financial summaries, and risk analyses from official filing documents for informational purposes only. We do not provide investment advice or buy/sell recommendations. Investors must perform their own due diligence or consult a certified financial advisor before subscribing.
Information only, not investment advice. Unlisted and pre-IPO securities carry liquidity, valuation and listing-timing risk; read the offer document and consult a SEBI-registered investment adviser for advice specific to your situation.
